Tuesday, Nov 24, 2009

Number at risk of failing soars in latest quarter. Deposit insurance fund slips into the red for fir

Despite the frenetic pace of bank failures this year, 552 lenders are still at risk of going under, according to a government report published Tuesday.
The Federal Deposit Insurance Corp. said that the number of banks on its so-called problem list climbed to its highest level since the end of 1993. At that time, the agency red-flagged 575 banks.
this is only just the beginning.......